Samir’s Selection 01/15/2014 (p.m.)

  • “Here are three visible failures. First, the economic, financial, intellectual and political elites mostly misunderstood the consequences of headlong financial liberalisation…Second, in the past three decades we have seen the emergence of a globalised economic and financial elite. Its members have become ever more detached from the countries that produced them…. This, then, is ever more a plutocracy.Third, in creating the euro, the Europeans took their project beyond the practical into something far more important to people: the fate of their money… Yet it is the constitutional disorder of the eurozone that is least emphasised… This divorce between accountability and power strikes at the heart of any notion of democratic governance. The eurozone crisis is not just economic. It is also constitutional.”

    tags: MartinWolf elitism failure democracy corruption WorldWar1 WorldWar2 ColdWar accountability

Posted from Diigo. The rest of my favorite links are here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s